BTCUSDT Bearish Pattern with Key Support Retest

Analysis:
The chart shows Bitcoin (BTCUSDT) forming a harmonic pattern that signals potential bearish continuation. Price is currently retesting a critical support and resistance level around the 113,000–114,000 zone. If this level fails to hold, further downside movement is expected.

Pattern Formation: The harmonic structure (XABCD) suggests a bearish setup.

Support Zone: Around 110,900–111,000, a crucial level to watch.

Downside Target: If support breaks, the price could move toward the 99,000–100,000 strong supply zone.

Volume: A noticeable volume build-up supports potential continuation to the downside.

📉 Outlook: Bearish bias. A breakdown from current retest levels may accelerate selling pressure toward the 100k psychological zone.